You will also be asked for your estate agents details, your mortgage details and a valid photo ID such as a passport or driving licence.
At this stage, you will be provided with an estimated fixed fee. Please note this fee can increase if the legal work becomes more complex.
If the property has been sold once since 1990, the Deeds will be electronically recorded with the Land Registry (these are available online). If the property hasn’t been sold during this period, only hard copies can be provided. Alongside the draft contract and Deeds, the solicitor will be sent the property’s protocol documents, which include;
Make sure your solicitor checks everything thoroughly, then again…….. then again!
Documents such as the instruction form and seller’s property information form will be allowed to be returned by email, other documents such as the Deeds will be require an original signature.
These payments are normally made by an online bank transfer, alternatively you can make payment in other ways (such as CHAPS).
There are often difficulties agreeing on a convenient date, however, being willing to compromise is one of the best ways to avoid delays.
The deposit will have already cleared in the solicitor’s account and will be paid to the seller on the exchange of contracts, at this point the purchase becomes legally binding.
Once the cash has landed with the seller’s solicitors, they will telephone to confirm completion and authorise the estate agents to release the keys.